How does my uncle go about getting funds from his deceased wife’s insurance policy?
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How does my uncle go about getting funds from his deceased wife’s insurance policy?
My uncle is currently incarcerated and his deceased wife’s family members have been pressuring him to sign papers to turn the funds over to them. Currently the funds and assets are frozen until he get out; we’re not sure of the exact date due to his fighting the case. He really is trying to seek legal help regarding this.
Asked on April 29, 2012 under Estate Planning, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
The best way for your incarcerated uncle to obtain monies where he is named as a beneficiary under his deceased wife's insurance policy is to sign a written engagement letter with an attorney that practices in the area of Wills, Trusts and Probate to represent him.
The attorney would then attempt to get the proceeds for your uncle from the insurance company and when received, a designated trust account solely in your uncle's name would be set up where the proceeds would be placed to generate income pending your uncle's release from prison/jail for him.
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